Library

Consumer Discretionary

China Harmony Auto Holding Ltd (3836 HK)

Year: 2020

Luxury car retailer China Harmony listed on the Hong Kong Exchange in June 2013. In November 2020, it was attacked by short-seller Bonitas Research accusing the company's chairman of embezzling HK$1bn and of inflating profits by holding expenses off balance sheet. Auditor Deloitte resigned two months after the report's publication although there were no director resignations or regulatory investigations.

Last updated July 2022.

The information on this page has been compiled from publicly available sources. GMT Research Limited has not verified the information and does not warrant its accuracy. Any claims made or views expressed are not necessarily those of GMT Research Limited.

lock03 Read More

Back